Sign in Subscribe
Mining industry

Peru's Mineral Production Sees Mixed Results in March

Strategic Insights

— 2 min read

In March, Peru's Energy and Mines Ministry reported a mix of increases and decreases in mineral production. Gold output surged by 2.6% to 14,172 kilograms, while copper production fell by 3.5% to 85,771 tons. The stronger gold production was attributed to increases at Minera Yanacocha SRL and Barrick Gold Corp.'s Pierina mine. On the other hand, zinc production dropped by 3.7% to 99,852 tons, primarily due to decreased production at Compania Minera Antamina and other smaller mines. Silver production also declined by 1.5% to 249,263 kgs. However, molybdenum output saw a significant jump of 80.1% to 1,726 tons, while lead and tin production increased by 7.2% and 8.2% respectively. Iron production, however, declined by 8.6% to 366,887 tons.

Key Takeaways:

  • Gold output increased by 2.6% to 14,172 kilograms in March, largely due to production increases at Minera Yanacocha SRL and Barrick Gold Corp.'s (ABX) Pierina mine.
  • Copper production fell by 3.5% to 85,771 tons in March, with output dropping at Southern Peru Copper Corp. (PCU) and BHP Billiton's (BHP) Tintaya operation.
  • Zinc production decreased by 3.7% to 99,852 tons in March, mainly due to decreased production at Compania Minera Antamina and other smaller mines.
  • Silver production declined by 1.5% to 249,263 kgs in March, with output dropping at several mines.
  • Molybdenum output increased by 80.1% to 1,726 tons in March, as production rose at unspecified mines.
  • Lead production rose by 7.2% to 25,987 tons in March, while tin output increased by 8.2% to 3,595 tons.
  • Iron production declined by 8.6% to 366,887 tons in March.

Statistics:

  • Gold output in March: 14,172 kilograms (up 2.6% from the same period last year)
  • Copper output in March: 85,771 tons (down 3.5% from the same period last year)
  • Zinc output in March: 99,852 tons (down 3.7% from the same period last year)
  • Silver output in March: 249,263 kgs (down 1.5% from the same period last year)
  • Molybdenum output in March: 1,726 tons (up 80.1% from the same period last year)
  • Lead output in March: 25,987 tons (up 7.2% from the same period last year)
  • Tin output in March: 3,595 tons (up 8.2% from the same period last year)
  • Iron output in March: 366,887 tons (down 8.6% from the same period last year)

Sources:

  • Energy and Mines Ministry of Peru
  • Dow Jones Commodities News via Comtex

Read more